n NISM Certifications
X NISM Series X
Medium

What does the transmission of shares involve?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Conversion to joint holdings

  2. B

    Changing non-resident status

  3. C

    Changing address

  4. Transfer of shares after death of the original holder

    Correct answer

Why this is the answer

Transmission refers to transferring ownership of securities due to death or legal inheritance.

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